Summary: | On November 2, 2006, the FDIC Board of Directors approved the final rule to implement provisions of the Federal Deposit Insurance Reform Act of 2005 that provide penalties for failure to timely pay assessments (12 C.F.R. § 308.132(c)(3)(v)). The FDIC will apply the provisions of the final rule beginning with the assessment collection made on the June 29, 2007, payment date. |
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Additional Related Topics:
- Federal Deposit Insurance Act, 12 U.S.C. 1817
- Subpart A
- FDIC Rules of Practice and Procedure, 12 CFR
- 308, Subpart H